Food & Beverage Metal Cans - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Food & Beverage Metal Cans Market is accounted for $56.70 billion in 2018 and is expected to reach $93.40 billion by 2027 growing at a CAGR of 5.7% during the forecast period. Some of the key factors influencing the market growth include rising demand for packaged food items across the globe, developments in the field of packaging technologies, added nutrients coupled with lower prices and recyclable properties of metal cans. However, the high cost of metals is restricting market growth.
Metal cans are generally containers which are used in the distribution and storage of the food & beverages. Metal packaging ensures performance requirements such as withstanding handling, processing conditions, and external environmental conditions as well. Metal cans in food and beverages industry are used in the packaging of frozen food, carbonated drinks, fruits and vegetables, meat, alcoholic beverages, and others. Metal cans made of aluminium and steel provide easy opening and safe product removal.
Based on the type, 2-piece cans offer a convenient and protective packaging, allowing safe storage of food products. They are suitable for packing processed food, evaporated milk, and sweetened condensed milk. In addition, 2-piece food cans are lightweight and are available with a stackable feature, as a result of which they can be placed on top of each other for neat stacking on the shelf, which saves shelf space.
By Geography, Asia Pacific bioinsecticides market expected to grow at a significant rate over the forecast period due to booming economy with a large population base ready to spend on processed food & beverages, and rapidly growing consumer markets of China, India, and Japan. In this region, beverage metal cans are majorly used in carbonated soft drinks, whereas food metal cans are majorly used to pack fruits & vegetable products.
Some of the key players in global Food & Beverage Metal Cans market are Silgan Holdings Inc., Huber Packaging Group GmbH, Ball Corporation, Tetra Laval International S.A., Crown Holdings, Inc., CPMC Holdings, Ardagh Group, Sonoco Products Co., CAN-PACK S.A., Toyo Seikan Kaisha Ltd., Kian Joo Group, Rexam Plc., Kingcan Holdings Limited, BWAY Corporation, Hokkan Holdings, Showa Aluminum Can Corporation, Baosteel Packaging, and ShengXing Group.
• Steel Cans
• Aluminium Cans
• Other Materials
• 1000ml and 3000ml
• 3-Piece Cans
• 2-Piece Cans
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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